DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$UNI has led the category 3 days running this week
$TREB +170 places this week
Down 144 places this week, $SYNTH is losing steam
Down 135 places this week, $ZYB is losing steam
$OTC ยท 5 gem score this week
$UNI hit a gem score of 81 this week
201 tokens rose and 140 fell this week
$PHAR +220 places this month
@EnaGovernance+2โข16$RAY token's narrative centers on an ordinary guy named Ray who just wanted a peaceful retirement but got featured on BBC and now eyeing Oscars.
@radkoGovernance+3โข16Can't wait for $BUIDL to actively trade on Uniswap $UNI
Frequently asked questions
How has DEX performed recently?
The DEX category has seen mixed activity, with 173 tokens experiencing an increase in rank over the past 7 days, narrowly outpacing the 169 tokens that saw a decrease. Over a 30-day window, the positive momentum is more pronounced, with 228 tokens climbing compared to 114 falling. SpartaDex (SPARTA), RhinoFi (RHINO), MoltyDEX (MDEX), Kyber Network Crystal v2 (PoS) (KNC), and BambooDeFi (BAMBOO) were among the top 7-day climbers. Conversely, Bao Masterchef V1 (BAO), SnowSwap (SNOW), Solidly V3 (SOLID), Treble V2 (TREB), and Superp ($SUP) were among the 7-day fallers. Over the 30-day period, Pharaoh (PHAR), SwapBased Concentrated Liquidity (Base), Pangolin (PNG), DODO AMM (DODO), and Bounce Finance (Auction) were notable climbers, while Treble V2 (TREB), MarginSwap (MFI), Sentre (SNTR), MoltMarkets (MM), and Zeta (ZEX) experienced significant declines. Uniswap (PoS) (UNI) recorded the highest score over both the 7-day and 30-day periods, while OTC (OTC) had the lowest 7-day score and Camelot V3 (GRAIL) the lowest 30-day score. Uniswap (UNI) on the Base chain was a new entrant in the top K over 30 days, and PulseX (PLSX) exited the top K during the same period.
What is a Decentralized Exchange (DEX)?
A Decentralized Exchange (DEX) is a peer-to-peer marketplace where cryptocurrency traders can transact directly without the need for an intermediary. Transactions on a DEX are often facilitated by smart contracts on a blockchain.
How do Decentralized Exchanges (DEXs) work?
DEXs operate on blockchain technology, utilizing smart contracts to automate trading, order matching, and settlement. Users retain custody of their funds in their own wallets throughout the trading process, unlike centralized exchanges.
What are the advantages of using a DEX?
Advantages of using a DEX include enhanced security due to user control of private keys, increased privacy as typically no KYC is required, and access to a wider range of tokens, especially newer or smaller projects.
What are the potential disadvantages of using a DEX?
Potential disadvantages of DEXs can include lower liquidity compared to centralized exchanges, higher transaction fees (gas fees) depending on network congestion, and a steeper learning curve for new users unfamiliar with self-custody and blockchain interactions.
What is a DEX Aggregator?
A DEX Aggregator is a platform that pulls liquidity from multiple Decentralized Exchanges to find the best possible price for a trade. It aims to optimize routing for token swaps, potentially reducing slippage and gas costs for users.